Advanced Micro Devices may be losing its competitive edge, Wolfe Research analyst Chris Caso argued as he downgraded shares of the chip maker from Buy to Peer Perform.Shares of Lam Research, KLA Corporation,

We recently compiled a list of the 20 Best Artificial Intelligence (AI) Stocks to Buy According to Analysts. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other AI stocks.

Another analyst is casting doubt on Advanced Micro Devices Inc.’s growth potential in graphics processing units, leading to the latest downgrade of the semiconductor stock.

Nvidia (NVDA) was the big winner in the AI space during 2024 as it solidified its lead in GPUs, which led to a 185% stock rally. Meanwhile,

Advanced Micro Devices Inc. closed $111.21 below its 52-week high ($227.30), which the company achieved on March 8th.

In the assessment of 12-month price targets, analysts unveil insights for Advanced Micro Devices, presenting an average target of $176.61, a high estimate of $250.00, and a low estimate of $110.00. Experiencing a 9.17% decline, the current average is now lower than the previous average price target of $194.44.

We recently compiled a list of the 11 Trending AI News and Ratings. In this article, we are going to take a look at where Advanced Micro Devices, Inc.

Advanced Micro Devices (AMD) received another downgrade on Thursday, days after Goldman Sachs and HSBC downgraded the stock. Wolfe Research analyst Chris Caso downgraded AMD from Buy to Peer Perform on Thursday.